First Settlement Reached in Gulf Oil Spill

2/17/2012 4:55PM

The Justice Department, Coast Guard and EPA have settled civil claims with a division of Japanese conglomerate Mitsui for its role in the April 2010 Deepwater Horizon accident. Tom Fowler has details on The News Hub. Photo: AP

This transcript has been automatically generated and may not be 100% accurate.

... the the ... it's silly to eighteen ninety million dollars to settle claims resulting from the two thousand and ten Gulf oil spill we got ... some foul joining us from ... Dallas bureau on various right now to tells about this ... what ... with the with a Tang has to do and and was the settlement and is this the end of that ... it's really it's ... it's it's the end of the more or less from a ... brand new to me but everybody else still along with yer of ... the ninety million speed split up between ... about twenty million is going to buy ... land along the ... coast for our restoration combining protection ... the balance is going to pay for a down day in June or the spill cleanup found that the federal government had three years the goes towards ... towards Astellas clean up and down in damages ... and to some it's going to specific funds to states to use it presumably for for similar up cost recovery from the August fell ... and this is this is just for them this is not included in the other the other party and that BP ... oil spill in the Deepwater Horizon accident that occurred in two thousand and they're still sorting that out still is that right ... sch that's right this is just the thing to do each added ten percent stake in a way to go on ... BP for city operated at sixty five percent stake in India's Anadarko Petroleum which at twenty five so ... we could start the ball rolling you might see others start to settle with the government but really Mitsui was for the low hanging tree day that ... the of the least amount of ... direct involvement in the well and serenely with the lowest hanging fruit selectively stout complications that makes sense to be the first to ... reach a settlement with the government and the specter of ... sin in heaven also cried my heart and I incorrectly set to follow was engulfed in fact in Houston ... and its charm aam and does this aam and does this appellant provide the template for all ... the filth of baby like the forthcoming settlements from the other parties' ... maybe also to the starting point B with disproportionate top according to ... the UN mission in and the well so will will be something more sophisticated going on now ... it's hard to say who teaches ... leads you really gauges had been having people on the day he didn't make any decisions they just be ... a simple piano ... equity interest more alas I'm in the break when everybody operating at the time so presumably BP would have ... I lot more exposure notches percentage rise but ... as an operator then actually make decisions about drilling operations about the of the well itself ... in the second deck of the lot more significant that the Act clean water Act violations are anywhere from eleven dollars to forty three dollars a barrel ... of oil spill which could be to make this one is anywhere from five million to touch twenty one billion and I look at it so ... I think it might be healed in premature to say ... to simply do the math can extrapolate out to see how much BP started a I think it's can be a lot more ... more factors involved ... and Tom civil court trial is coming up on February twenty seven that's sort of somewhat narrow in its scope that is displayed determined ... culpability but other matters will be seven settled in the later trials is that right ... that's right this is the ... isthe tribe before just huge and so that sunset is a jury last year sch ended ... the settlement could start the ball will indeed see other ... civil settlements follow we did it ... he's been talking on a not for months now certain that this interesting people this week is that they've reached an impasse and I was going full speed ahead to trial ... that could still happen to aam ... but there's that is the motivation for people to want to settle to get paid to not have all the dirty laundry aired yet again and I ... it'll be cooler ... his mind about that thank you Brian much Tom I love the Wall Street down on down in Houston part of the the beach to a two year mark ... the Asiman of the time